Microsoft is to take a 4 percent equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. It is the latest sign of deepening ties between financial services providers and a handful of big global […]
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President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing’s goal to establish its currency internationally and weaken the U.S. dollar’s grip on world trade. Xi was speaking in Saudi Arabia where Crown Prince Mohammed bin Salman hosted two […]
Major telcos have been aggressively marketing their 5G offerings. Yet they should consider not only the 5G benefits and promises but what it has relatively failed or is yet to do. Especially when planning the future of telecommunications. 5G technology delivers fast bandwidth, which optimizes real-time applications and heavy on data mobile apps. 5G market […]
Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday that its Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million. The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple supplier Foxconn plans […]
The Biden administration on Thursday accused Meta Platforms Inc of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. The FTC sued in July to stop the deal, saying Meta’s acquisition of Within would […]
Chinese electric vehicle maker Nio will install swapping stations, where drivers can switch their car battery for a fully-charged one, at 20 charging parks in Germany owned by utility EnBW, the utility provider said on Thursday. Nio launched in Germany in October on a leasing model, with users leasing cars with a 75 gigawatt hour […]
Middle East, December 09, 2022: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, announced the national finalists who will take part in the Huawei ICT Competition Middle EastRegional Finals 2022, set to take place in Muscat, Oman, on December 20 – 22. Aimed at nurturing ICT talents to […]
SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many […]
Mobile communication was introduced in the 1980s. The first generation of mobile networks supports only voice call services, and the connectivity speeds up to 56 kbps. However, mobile network technology achieved tremendous development during the last four decades, notably with Software Defined Mobile Networks (SDMN), a software defined networks sub-section. The Limitations of Software Defined […]
Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei, whose growing foray into the Gulf region has raised U.S. security concerns. King Salman signed a “comprehensive strategic partnership agreement” with Xi, who received a lavish welcome […]